Department of Accounting SWOT Analysis - College of Business ...

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• The preliminary evidence is encouraging as each untenured faculty member has several manuscripts under review at academic journals. • The Dean’s office also provides additional funds for travel and faculty development as well as a series of research seminars. All three untenured faculty members have presented their research at the college research seminar. • Dr. Yin Xu won The Academy of Accounting Historians’ 2002 Vangemeersch Award, which recognizes the achievement of newly hired faculty in researching the development of the accounting field. • Dr. Otto B. Martinson won The Institute of Management Accountants (IMA) 2002 R. Lee Brummet Award as the organization’s outstanding educator. 3. Little or no evidence was supplied on how the assessment procedures were used to provide continuous improvement. In addition, what additional measures are being currently used or planned for the future? In the interim report, the Department listed its assessment procedures for its academic programs as: • A standardized test for the undergraduate program • Pass rates on the CPA exam and the post graduation questionnaire for the Masters of Science in Accounting program. The Department has administered these assessment tools continuously over the past two years. The results have been fairly consistent but have not revealed any trends that require changes to the Accounting programs. For instance, the completed post graduation questionnaires have all been extremely favorable. Likewise, the scores on the comprehensive exams and pass rates on the CPA exam have been consistently positive. The pass rate for all four parts of the May 2001 and November 2001 CPA Exam were 25% and 37.5% respectively, well above the national and state averages. The Department has been trying to identify methods for continuous improvement. For instance, during 2001, the Department changed the content of the standardized exam given to graduating undergraduate students. Instead of the standardized AICPA Form II Exam, the Department developed an exam composed of 100 multiple-choice questions (25 from each section) chosen at random from a CPA Review Course database. The new format has only been given four times (Spring 03, Fall 02, Summer 02, and Spring 02). Approximately, 95% of graduating accounting students has taken the exam. Grades have remained constant and have not revealed any trends that warrant changes to the undergraduate program. In addition, the Department has attempted to use the results of competency studies by the AICPA, IIA, and IMA to evaluate course content and curriculum. One result of this effort was the decision to offer tracks in the Masters of Science in Accounting program. Currently, the following tracks exist: Public Accountancy, Managerial Accounting, Business Assurance Services, Accounting Information Technology, and Taxation. Student and employer response to the tracks has been positive. The Department has aggressively marketed the Masters of Science in Accounting program and hopes to significantly increase enrollments as the Commonwealth of Virginia implements the 150-hour program.
The Department is still exploring the possibility of using questions from the Certified Management Accountant (CMA) and Certified Financial Manager (CFM) exams to develop assessment exams for the Masters of Science in Accounting program. Another technique that has been suggested is focus groups. The Department will experiment with focus groups following the Fall 03 semester. 4. The Grade Forgiveness program study has not been completed and, therefore, cannot be evaluated. The University Senate studied this issue during 2002 and revised it to allow students to retake any course only one time. The new policy went into effect during the 2003 academic year and insufficient time has elapsed to evaluate the impact of the new policy.
Page 1 and 2: Appendix 1 - Department of Accounti
Page 5 and 6: SHARED VALUES The following “Shar
Page 7 and 8: PERSPECTIVES GOAL NUMBER GOAL ACTIO
Page 9 and 10: PERSPECTIVES Internal Business Pers
Page 11 and 12: PERSPECTIVES Innovation and Learnin
Page 13 and 14: ACTION ITEM NUMBER ACTION ITEM ACTI
Page 15 and 16: ACTION ITEM NUMBER IBP-3A ILP-1A IL
Page 17 and 18: Dr. Yin Xu Xu, Y., and X. Xu. Socia
Page 19 and 20: With Patricia M. Meyers, “Audit C
Page 23: addition, the College and Universit
Page 27 and 28: Review Course and the delivery of E
Page 29 and 30: class an assessment exam and, new d
Page 33 and 34: Tenured Faculty: AY04 AY05 Abdel Ag
Page 35 and 36: 4 5 Learning Goal Learning Goal Obj
Page 37 and 38: ATTACHMENT 2 (to Appendix 8) - MAST
Page 41 and 42: The Department plans on conducting
Page 43 and 44: Faculty Sufficiency and Faculty Int
Page 45 and 46: Attachment 1 (to Appendix 9): AY06
Page 47 and 48: Ethics: Students in Acct 631 comple
Page 49 and 50: FACULTY MEMBER AQ/PQ STATUS Profess
Page 51 and 52: TABLE 9-1 SUMMARY OF FACULTY SUFFIC
Page 53 and 54: TABLE 10-1: SUMMARY OF FACULTY QUAL
Page 55 and 56: TABLE 10-1: SUMMARY OF FACULTY QUAL
Page 57 and 58: TABLE 10-2. CALCULATIONS RELATIVE T
Page 59 and 60: Learning Goal Learning Goal Objecti
Page 61 and 62: Learning Goal Learning Goal Objecti
Page 63: Area and Learning Goals 3 Analytica

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